Independent director network and corporate innovation: evidence from a natural experiment in China

被引：18
|
作者：
Wu, Yihan [1 ]
Dong, Bin [1 ]
机构：
[1] Southeast Univ, Sch Econ & Management, 2 Sipailou, Nanjing 210096, Xuanwu, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2021年 / 28卷 / 07期
关键词：
Board Network; independent Director; corporate Innovation; field Experiments; BOARD INTERLOCKS; SOCIAL NETWORKS;
D O I：
10.1080/13504851.2020.1764475
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper empirically investigates the relationship between independent directors' connectedness and corporate innovation in China. We utilize a novel natural experiment initiated by an anti-corruption campaign to find that independent directors' centrality in the board network has a significant positive effect upon corporate patenting. Further evidence suggests that the influence on corporate innovation is induced by information transmission in the board network.
引用
收藏
页码：559 / 564
页数：6
相关论文
共 50 条
  • [41] Effects of foreign investors on energy firms' innovation: Evidence from a natural experiment in China
    Kong, Dongmin
    Zhu, Ling
    Yang, Zhiqing
    Energy Economics, 2020, 92
  • [42] Corporate social responsibility and corporate innovation efficiency: evidence from China
    Yuan, Ling
    Zheng, Li
    Xu, Yong
    INTERNATIONAL JOURNAL OF EMERGING MARKETS, 2023, 18 (12) : 6125 - 6142
  • [43] Corporate governance, technological innovation, and corporate performance: Evidence from China
    Ma, Yinlong
    Binti, Nur Syafiqah
    Panatik, Siti Aisyah Bt
    Li, Ruirui
    HELIYON, 2024, 10 (11)
  • [44] Geopolitical risk and corporate innovation: Evidence from China
    Jia, Shaoqing
    Yang, Liuyong
    Zhou, Fangzhao
    JOURNAL OF MULTINATIONAL FINANCIAL MANAGEMENT, 2022, 66
  • [45] The influence mechanism of interlocking director network on corporate risk-taking from the perspective of network embeddedness: Evidence from China
    Li, Hua
    Li, Yangyang
    Sun, Qiubai
    FRONTIERS IN PSYCHOLOGY, 2023, 14
  • [46] Ideological Imprints and Corporate Innovation: Evidence from China
    Ali, Syed Tauseef
    Zhang, Joseph H. H.
    Ali, Farman
    Ayalew, Misraku Molla
    Ullah, Muhammad
    JOURNAL OF THE KNOWLEDGE ECONOMY, 2024, 15 (01) : 1029 - 1068
  • [47] Creditor litigation and corporate innovation: Evidence from China
    Lu, Jin
    Li, Yaling
    Zou, Wenxiao
    ACCOUNTING AND FINANCE, 2024,
  • [48] University shareholding and corporate innovation: Evidence from China
    Zhang, Huili
    Huang, Yibo
    Xu, Lei
    Cui, Xuegang
    Hu, Zhonghui
    INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2025, 101
  • [49] Digital finance and corporate innovation: evidence from China
    Zhang, Ping
    Wang, Yiru
    Wang, Ruyan
    Wang, Tewei
    APPLIED ECONOMICS, 2024, 56 (05) : 615 - 638
  • [50] IPO underpricing and corporate innovation: evidence from China
    Wu, Di
    Zhao, Qifeng
    ECONOMICS OF INNOVATION AND NEW TECHNOLOGY, 2024, 33 (06) : 866 - 888
12345